News from the Vintage Altaroc Companies

TIME Names Sun King One of the World's 100 Most Influential Companies

With more than 50 million people benefiting from access to solar power, Sun King has established itself as one of the leaders in clean energy in Africa and South Asia. TIME magazine has just ranked it among the 100 most influential companies in the world in the Sustainability category. The company is being recognized for its commitment to sustainable access to electricity, with the goal of providing it to 200 million Africans by 2030. Already serving more than 27 million households, the Kenyan company—which is part of the Vintage FPCI Altaroc Odyssey portfolio—continues to develop solar products designed to improve the daily lives of millions of people.

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Air New Zealand's first economy-class bed is powered by IBS Software technology

Air New Zealand is bringing a breath of fresh air to the passenger experience with Skynest, the first bed in economy class offered on long-haul flights. This innovation is made possible by technologyfrom IBS Software. Its iRetail platform, based on a cloud-native architecture and powered by AI, enables airlines to market new in-flight services. Passengers traveling in economy class on the Auckland–New York route will be able to reserve a bed for up to four hours. This is yet another example of the Indian company’s expertise, which is also featured in the Vintage FPCI Altaroc Odyssey , a product used by Air France-KLM and Korean Air.

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Azara Healthcare Acquires Advocatia to Preserve Health Coverage for 7.6 Million Americans

7.6 million Americans are at risk of losing their Medicaid coverage (health insurance for low-income individuals) by 2034, following a law signed by the U.S. president that imposes a minimum number of hours worked as a requirement for eligibility. To help healthcare providers adapt to this reform, Azara Healthcare—a company in the Vintage FPCI Altaroc Odyssey portfolio—has just acquired Advocatia, a platform for enrolling in public assistance programs. The two companies now offer the first all-in-one solution dedicated to maintaining Medicaid eligibility, available in 75 languages. The platform identifies at-risk patients, automatically enrolls them in the renewal process, and supports them until their coverage is secured.

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Thunes, the Asian fintech company that transfers money in 80 currencies, is expanding into the United States

$150 million: That is the amount Thunes, a Singapore-based cross-border payments platform founded in 2016 and part of the Vintage FPCI Altaroc Odyssey fund, has just raised. Led primarily by Vitruvian Partners, this funding round will enable the company to roll out its own payment infrastructure across all 50 U.S. states. Until now, Thunes had to rely on partner bank networks to route transfers to the United States, which lengthened processing times and increased costs. This new infrastructure will allow it to process transactions directly, more quickly and at a lower cost to its customers. With a network covering more than 130 countries and 80 currencies, Thunes has established itself as one of the world’s top three payment leaders, alongside Visa and SWIFT, ahead of Mastercard.

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Incode has seen a 13-fold increase in AI-orchestrated fraud over the past two years

40% of identity verification fraud attempts detected by Incode in the first quarter of 2026 are now orchestrated by AI agents, compared to just 3% in 2024. In response to this sharp increase, the California-based company is strengthening its anti-fraud arsenal. It has just acquired Identiq (a provider of an identity verification platform) and is investing $100 million to build an infrastructure that enables institutions to collaborate against fraud without sharing personal data. With more than 7 billion verifications conducted to date, the company—which is part of the Vintage FPCI Altaroc Odyssey fund—is cementing its position as a leading player in the fight against fraud in the age of AI.